Bank Loan Calendar: $42.9726 billion deals being marketed

September Bank Meetings

LANDESK SOFTWARE: Bank meeting Sept. 6; new term loans; Jefferies; first-lien term loan; second-lien term loan; refinance debt and fund a dividend; South Jordan, Utah, user-centered IT management company.

POLYCOM INC.: Bank meeting expected second week of September; $1 billion credit facility; Macquarie; $50 million revolver; $750 million first-lien term loan; $200 million second-lien term loan; help fund buyout by Siris Capital Group LLC; San Jose, Calif., provider of secure video, voice and content solutions.

Upcoming Closings

ACLARA TECHNOLOGIES LLC: Expected closing late August; $345 million seven-year first-lien term B (B3/B) at Libor plus 575 bps, 1% Libor floor, OID 98.5, 101 soft call; Morgan Stanley and Stephens; refinance existing debt and fund a sponsor dividend; Hazelwood, Mo., supplier of smart infrastructure solutions to water, gas and electric utilities.

AMPLIFY SNACK BRANDS INC.: $650 million senior secured credit facility (B2/B); Jefferies, Credit Suisse and Goldman Sachs; $50 million five-year revolver; $600 million seven-year covenant-light term loan talked at Libor plus 525 bps, 1% Libor floor, OID 99, 101 soft call for six months; help fund the acquisition of Crisps Topco Ltd. (Tyrrells) from Investcorp and refinance existing debt; Austin, Texas, snack food company.

AVAST SOFTWARE: Roughly $1.725 billion equivalent credit facility (BB-); Credit Suisse, Jefferies and UBS; $85 million revolver; about $1.64 billion-equivalent term loan (split between $1.2 billion and €400 million) at Libor plus 400 bps/Euribor plus 375 bps, step-down, 1% floor, OID 99.5, 101 soft call for six months; help fund acquisition of AVG Technologies NV; Prague-based maker of security software.

BAY CLUB: $445 million credit facility; Jefferies; $20 million five-year revolver (Ba3); $350 million six-year first-lien term loan (B3) talked at Libor plus 500 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call; $75 million one-year asset-sale bridge loan (Ba3) talked at Libor plus 500 bps to 550 bps, 1% Libor floor, OID 99.5; refinance existing debt; San Francisco-based active lifestyle and hospitality company.

BEAVER-VISITEC: $280 million senior secured credit facility; UBS, Deutsche Bank, Antares and RBC; $30 million five-year revolver (B2/B); $170 million seven-year first-lien covenant-light term loan (B2/B) at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call; $80 million pre-placed eight-year second-lien covenant-light term loan (Caa2/CCC+) at Libor plus 875 bps, 1% Libor floor, OID 98, call protection 102, 101; help fund buyout by TPG Capital from RoundTable Healthcare Partners; Waltham, Mass., developer, manufacturer and marketer of specialized surgical devices for the ophthalmic marketplace.

BOYD GAMING CORP.: $1 billion seven-year covenant-light term B (Ba3/BB/BB+) at Libor plus 300 bps, OID 99.875; Bank of America, Deutsche Bank, JPMorgan and Wells Fargo; refinance existing Peninsula debt and general corporate purposes; Las Vegas-based operator of gaming entertainment properties.

BUILDERS FIRSTSOURCE INC.: Expected closing Aug. 22; $470 million term B due July 31, 2022 at Libor plus 375 bps, 1% Libor floor, 101 soft call for six months; Deutsche Bank and Credit Suisse; repricing; Dallas-based building materials manufacturer and supplier.

CHESAPEAKE ENERGY CORP.: Expected closing early Aug. 22 week; $1.5 billion five-year first-lien last-out term loan (Caa1/B-) at Libor plus 750 bps, 1% Libor floor, non-call two, par plus 50% of the coupon, par plus 25% of the coupon; Goldman Sachs, Citigroup and MUFG; fund tender offers convertible and senior notes; Oklahoma City-based producer of natural gas, oil and natural gas liquids.

CLEARESULT: $370 million credit facility (B2/B); KeyBanc, Citizens and Nomura; $40 million five-year revolver; $330 million seven-year term loan talked at Libor plus 475 bps to 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; fund a dividend and refinance existing debt; Austin, Texas, designer, marketer and implementer of energy programs.

COMPASS DIVERSIFIED HOLDINGS: $250 million incremental term B (Ba3/BB-) at Libor plus 325 bps, 1% Libor floor, OID 99.25, 101 soft call for six months; Bank of America; help fund acquisition of 5.11 Tactical; Westport, Conn., owner and manager of a diverse family of middle-market businesses.

CVENT INC.: $645 million credit facility; Goldman Sachs, Antares Capital, Jefferies and RBC; $375 million seven-year senior secured first-lien term B (B1/B) at Libor plus 500 bps, 1% Libor floor, OID 99, 101 soft call for six months; $40 million revolver (B1/B); $230 million privately placed second-lien term loan (Caa2/CCC); help fund buyout by Vista Equity Partners; Tysons Corner, Va., cloud-based enterprise event management company.

DAYTON POWER AND LIGHT CO.: Expected closing Aug. 24; $445 million senior secured six-year first-lien covenant-light term B (Baa2/BBB-) at Libor plus 325 bps, 0.75% Libor floor, OID 99.5, 101 soft call; Morgan Stanley and JPMorgan; refinance first mortgage bonds; Dayton, Ohio, power company.

DELL INTERNATIONAL LLC: $17.575 billion credit facility; Credit Suisse, JPMorgan, Bank of America, Barclays, Citigroup, Goldman Sachs, Deutsche Bank and RBC; $5 billion seven-year term B (Baa3/BBB-/BBB-) at Libor plus 325 bps, 25 bps step-down at 1x first-lien net leverage, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $3.15 billion five-year revolver (Baa3/BBB-) at Libor plus 200 bps; $3.7 billion term A-1 (BBB) due Dec. 31, 2018 at Libor plus 200 bps; $3.925 billion five-year term A-2 (Baa3/BBB-) at Libor plus 225 bps; $1.8 billion term A-3 (Baa3/BBB-) due Dec. 31, 2018; help fund acquisition of EMC Corp.; Round Rock, Texas, technology and services company.

DIAMOND RESORTS INTERNATIONAL INC.: $800 million senior secured credit facility (B1/B+); Barclays, RBC, Jefferies and Natixis; $100 million five-year revolver; $700 million seven-year covenant-light term B at Libor plus 600 bps, 1% Libor floor, OID 97.5, 101 soft call; help fund buyout by Apollo Global Management LLC; Las Vegas-based hospitality and vacation ownership company.

DOLLAR TREE INC.: $1.275 billion add-on term loan A priced at Libor plus 175 bps; JPMorgan; repay some term B-1 borrowings; Chesapeake, Va., discount retailer.

EASTERN POWER LLC: Expected closing Aug. 23; roughly $1.5 billion senior secured term B due Oct. 2, 2021 at Libor plus 400 bps, 1% Libor floor, OID 99.75, 101 soft call for six months; Morgan Stanley; repricing; owner of gas-fired electric generating stations.

EP ENERGY LLC: Expected closing Aug. 23; new covenant-light term loan (B3/B+) due June 30, 2021 talked at Libor plus 875 bps, 1% Libor floor, 300 bps extension fee, hard call 103, 101; Citigroup; exchange for term B-2 due April 2019 and term B-3 due May 2018; Houston-based oil and natural gas exploration and production company.

EPICOR SOFTWARE CORP.: $225 million incremental first-lien term loan (B2) at Libor plus 400 bps, 1% Libor floor, OID 98, 101 soft call for six months; KKR Capital; also $75 million pre-placed second-lien term loan (Caa2); help back buyout by KKR from Apax Partners; Austin, Texas, provider of enterprise business software services.

ESH HOSPITALITY INC.: $1.65 billion credit facility (B1/BB+); Deutsche Bank, JPMorgan, Citigroup, Goldman Sachs, Bank of America, Morgan Stanley, Barclays, Credit Suisse and Macquarie; $1.3 billion seven-year covenant-light term B at Libor plus 300 bps, step-down to Libor plus 275 bps upon receipt of a minimum of Ba3/BB- corporate ratings, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $350 million revolver; help repay CMBS loan and replace existing revolver; Charlotte, N.C., owner/operator of company-branded hotels.

GCP APPLIED TECHNOLOGIES INC.: Expected closing Aug. 22 week; $275 million term loan due February 2022 at Libor plus 325 bps, 0.75% Libor floor; 101 soft call for six months; Deutsche Bank, Citigroup and Goldman Sachs; repricing; Cambridge, Mass., provider of products and technology solutions in the specialty construction chemicals, specialty building materials and packaging sealants and coating industries.

GLOBAL HEALTHCARE EXCHANGE LLC: $10 million add-on first-lien term loan (B1/B) talked at Libor plus 425 bps, 1% Libor floor, OID 99.75; SunTrust; also $135 million privately placed second-lien term loan (Caa1/CCC+); fund a shareholder distribution; Louisville, Colo., provider of SaaS/cloud-based supply-chain-automation technology and services to the health-care sector.

GULF FINANCE LLC: Expected closing Aug. 22 week; $1.15 billion seven-year senior secured term B (B2/BB-) at Libor plus 525 bps, 1% Libor floor, OID 97, 101 soft call; Morgan Stanley, Barclays and Wells Fargo; refinance existing debt at Penn Products Terminals LLC and Chelsea Petroleum Products I LLC, make a distribution to the sponsor and general corporate purposes.

INTEVA PRODUCTS LLC: $250 million term B (B1/B) talked at Libor plus 525 bps to 550 bps, 1% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, Bank of America, Well Fargo and TD Securities; refinance existing debt, prefund capital expenditures for recent business wins and fund a distribution to shareholders; Troy, Mich., designer, manufacturer and assembler of highly-engineered closure systems, roof systems, interior systems and motors & electronics for leading automotive OEMs.

LIQUID WEB: $62 million in incremental bank debt; SunTrust and KeyBanc; $5 million incremental revolver; $57 million incremental term loan due July 2021 talked at Libor plus 450 bps, 1% Libor floor, OID 99; fund two tuck-in acquisitions; Lansing, Mich., provider of professional web hosting and managed cloud services.

MEDICAL DEPOT INC.: $40 million incremental term loan due September 2019 talked at Libor plus 425 bps, 1% Libor floor, OID 99.5; Capital One; fund a tack-on acquisition and general corporate needs; Port Washington, N.Y., maker of medical equipment.

MRP GENERATION HOLDINGS LLC (MIDDLE RIVER POWER): $340 million senior secured credit facility; Goldman Sachs; $30 million super priority revolver (B1/BB-); $310 million six-year term B (B2/BB-) talked at Libor plus 550 bps to 575 bps, 1% Libor floor, OID 98, 101 soft call; refinance existing debt; platform established to manage Avenue Capital’s U.S. power generation investment portfolio.

NEW ASURION CORP.: Expected closing Aug. 31; $550 million five-year HoldCo unsecured PIK contingent covenant-light term loan (Caa1/CCC+) at Libor plus 900 bps, plus 75 bps for any PIK amount, 1% Libor floor, OID 99, non-call one, 102, 101; Morgan Stanley, Bank of America, Barclays, Credit Suisse, Deutsche Bank and Goldman Sachs; fund equity tender offer; Nashville-based provider of consumer product protection programs.

OMNOVA SOLUTIONS INC.: Expected closing Aug. 22 week; $350 million seven-year term B (B1/B+) at Libor plus 425 bps, 1% Libor floor, OID 99, 101 soft call for six months; Deutsche Bank, JPMorgan, KeyBanc and Jefferies; refinance term loan and senior notes; Beachwood, Ohio, innovator of performance-enhancing chemistries and surfaces for a variety of commercial, industrial and residential end uses.

POLYCONCEPT: $523 million credit facility; Goldman Sachs, RBC and Natixis; $88 million ABL revolver (BB-); $435 million seven-year senior secured first-lien term B (B1/B) at Libor plus 525 bps, 1% Libor floor, OID 99, 101 soft call; help fund buyout by Charlesbank Capital Partners from Investcorp; supplier of promotional products.

REVLON CONSUMER PRODUCTS CORP.: $2.2 billion senior secured credit facility; Citigroup, Bank of America, Credit Suisse, Deutsche Bank, Macquarie and Barclays; $1.8 billion seven-year covenant-light term B (Ba3/B+) at Libor plus 350 bps, 0.75% Libor floor, OID 99.5, 101 soft call for six months; $400 million asset-based revolver; fund the acquisition of Elizabeth Arden Inc., refinance Elizabeth Arden’s existing debt and refinance Revlon’s bank debt; New York-based beauty company.

SCIENCE APPLICATIONS INTERNATIONAL CORP.: Expected closing during week of Aug. 22; $400.6 million senior secured covenant-light term B (Ba2) due May 4, 2022 at Libor plus 250 bps, 0.75% Libor floor, 101 soft call for six months; Citigroup; repricing; McLean, Va., technology integrator providing full life-cycle services and solutions in the technical, engineering, and enterprise information technology markets.

TRADER CORP.: C$760 million credit facility; Goldman Sachs (left on first-lien), JPMorgan (left on second-lien), UBS and Macquarie; C$50 million revolver (B2/B); C$510 million seven-year first-lien term B (issued in U.S. dollars) (B2/B) at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; C$200 million privately placed second-lien term loan (Caa2/CCC+); help fund buyout by Thoma Bravo LLC; Ontario-based digital automotive marketplace.

UFC HOLDINGS LLC: $1.8 billion in term loans; Goldman Sachs (left on first-lien), Deutsche Bank (left on second-lien), Barclays, Credit Suisse, KKR, Citigroup and UBS; $1.375 billion seven-year senior secured covenant-light first-lien term B (B1/B+) at Libor plus 400 bps, 1% Libor floor, OID 99.5, 101 soft call for six months; $425 million eight-year second-lien term loan (Caa1/CCC+) at Libor plus 750 bps, 1% Libor floor, OID 99, call protection 102, 101; help fund acquisition by WME | IMG, Silver Lake Partners, KKR and MSD Capital; Las Vegas-based sports brand and pay-per-view event provider.

VERESEN MIDSTREAM: $300 million term B (Ba3/BB-) due March 31, 2022 talked at Libor plus 425 bps, 1% Libor floor, OID 98.5 to 98.75, 101 soft call for six months; RBC, TD Securities and HSBC; repay existing debt, fund the construction of in-progress facilities/pipelines and general partnership purposes; Calgary, Alta., midstream energy company.

WALL STREET SYSTEMS HOLDINGS INC.: $195 million in bank debt (B2); UBS; $30 million revolver; $165 million add-on term loan talked at Libor plus 350 bps, 1% Libor floor, OID 99 to 99.5, 101 soft call for six months; fund a pending acquisition and a dividend; provider of treasury management, central banking and FX trade processing solutions with U.S. headquarters in New York.

XPLORNET COMMUNICATIONS INC.: $335 million credit facility; SunTrust, BMO and Jefferies; $285 million five-year term loan (B1/B) talked at Libor plus 600 bps, 1% Libor floor, OID 98.5, 101 soft call; $50 million revolver (Ba3/B+); refinance existing senior secured notes; Woodstock, N.B., rural-focused broadband service provider.

XPO LOGISTICS INC.: Expected closing Aug. 25; $2.042 billion first-lien term B (BB-) due Oct. 30, 2021 at Libor plus 325 bps, 1% Libor floor, OID 99.5 on $400 million, par on remainder, 101 soft call for six months; Morgan Stanley; help redeem notes, refinance existing term B and general corporate purposes; Greenwich, Conn., provider of supply chain solutions.

On The Horizon

AMC ENTERTAINMENT HOLDINGS INC.: $750 million in incremental term loan B debt; Citigroup, Bank of America, Barclays, Credit Suisse and HSBC; $225 million incremental senior secured term B due Dec. 15, 2022 expected at Libor plus 325 bps, 0.75% Libor floor, 101 soft call for six months, to help fund acquisition of Carmike Cinemas Inc.; $525 million incremental term B due Dec. 15, 2022 expected at Libor plus 325 bps, 0.75% Libor floor, 101 soft call for six months, to help fund acquisition of Odeon & UCI Cinemas Group from Terra Firma; Leawood, Kan., movie exhibitor.

BEASLEY BROADCAST GROUP INC.: $285 million credit facility; RBC and U.S. Bank; $20 million revolver; $265 million term B; help fund acquisition of Greater Media Inc.; Naples, Fla., radio broadcaster.

DELL SOFTWARE GROUP: New debt financing; Credit Suisse and RBC; help fund acquisition by Francisco Partners and Elliott Management Corp. from Dell Inc.; provider of mission-critical software.

DIALOG SEMICONDUCTOR: $2.1 billion seven-year covenant-light term loan (Ba2/BB) expected at Libor plus 325 bps, 0.75% Libor floor; Morgan Stanley; help fund acquisition of Atmel Corp.; London-based provider of highly integrated standard and custom mixed-signal integrated circuits.

ENVISION HEALTHCARE CORP.: Incremental bank debt; JPMorgan and Barclays; incremental term loan; incremental asset-based revolver; in connection with its creation through the merger of Envision Healthcare Holdings Inc. and Amsurg Corp.; healthcare company with co-headquarters in Nashville, Tenn., and Greenwood Village, Colo.

EPIQ SYSTEMS INC.: $1.295 billion credit facility; Bank of America and Goldman Sachs; $100 million revolver; $1.195 billion term loan; help fund buyout by Omers Private Equity and Harvest Partners LP and combination with DTI; Kansas City-based provider of integrated technology and services for the legal profession.

G-III APPAREL GROUP LTD.: $975 million credit facility; Barclays and JPMorgan; $525 million ABL credit facility; $450 million six-year term loan; help fund acquisition of Donna Karan International Inc.; New York-based designer, manufacturer and marketer of branded apparel and accessories.

INNOSPEC INC.: $150 million term loan; Barclays, Credit Suisse, Lloyds Bank, National Westminster Bank, Wells Fargo and U.S. Bank; help fund acquisition of the European Personal Care and Home Care business of Huntsman Corp.; Englewood, Colo., specialty chemicals company.

INTELLECTUAL PROPERTY & SCIENCE: New credit facility; Credit Suisse, Bank of America and RBC; help fund buyout by Onex Corp. and Baring Private Equity Asia from Thomson Reuters; Philadelphia-based provider of comprehensive intellectual property and scientific information, decision support tools and services.

INVENTIV HEALTH INC.: $1.93 billion credit facility; Bank of America, Credit Suisse, Goldman Sachs, Morgan Stanley and Barclays; $250 million asset-based loan; $1.68 billion senior secured term loan; in connection with equity investment by Advent International; Burlington, Mass., provider of clinical, consulting and commercial services to the health care industry.

LEXMARK INTERNATIONAL INC.: $1.14 billion in senior term loans; Bank of China and China CITIC Bank; also $443 million in term loans at Parent; help fund buyout by a consortium of investors led by Apex Technology Co. Ltd. and PAG Asia Capital; Lexington, Ky., creator of enterprise software, hardware and services that remove the inefficiencies of information silos and disconnected processes.

LIONSGATE: $3.9 billion credit facility; JPMorgan, Bank of America and Deutsche Bank; $1 billion five-year revolver expected at Libor plus 250 bps; $1 billion five-year term A expected at Libor plus 250 bps; $1.9 billion seven-year term B expected at Libor plus 375 bps, 0.75% Libor floor; help fund acquisition of Starz and refinance existing debt; Santa Monica, Calif.-based entertainment company.

MYRIAD GENETICS INC.: New debt financing; JPMorgan; help fund acquisition of Assurex Health; Salt Lake City-based personalized medicine company.

NEXSTAR BROADCASTING GROUP INC.: $3.295 billion senior secured credit facility (Ba3); Bank of America, Credit Suisse, Deutsche Bank, SunTrust, Barclays and Wells Fargo; $175 million five-year revolver expected at Libor plus 325 bps; $270 million five-year term A expected at Libor plus 325 bps; $2.85 billion seven-year covenant-light term B expected at Libor plus 425 bps, 1% Libor floor, 101 soft call for six months; also $250 million 18-month senior secured short-term term facility expected at Libor plus 325 bps; help fund acquisition of Media General Inc.; Irving, Texas, diversified media company.

OUTERWALL INC./REDBOX AUTOMATED RETAIL LLC: $1.185 billion in senior secured credit facilities; Bank of America, Jefferies, Barclays and Credit Suisse on Outerwall; Jefferies, Bank of America and Credit Suisse on Redbox; $75 million five-year revolver at Outerwall; $535 million seven-year covenant-light first-lien term loan at Outerwall, 1% Libor floor, 101 soft call for six months; $135 million eight-year covenant-light second-lien term loan at Outerwall, 1% Libor floor, call protection 102, 101; $40 million 4.5-year revolver at Redbox; $400 million five-year first-lien term loan at Redbox, 1% Libor floor, 101 soft call; help fund buyout by Apollo Global Management LLC; Bellevue, Wash., provider of retail products and services via self-service interactive kiosks.

PRESS GANEY: New debt financing; Credit Suisse, Citigroup and Bank of America; help fund buyout by EQT Equity; Wakefield Mass., provider of patient experience measurement, performance analytics and strategic advisory solutions for health-care organizations.

QUINTILES IMS HOLDINGS INC.: Up to $1.25 billion in senior secured incremental term loans; Goldman Sachs and JPMorgan; up to $400 million incremental term A; up to $850 million incremental term B; refinance bank debt at Quintiles Transnational Holdings Inc. in connection with merger with IMS Health Holdings Inc.; information and technology-enabled health care service provider.

SYSTEMS MAINTENANCE SERVICES: New debt financing; Antares; help fund buyout by Partners Group from Thomas H. Lee Partners LP and Summit Partners; Charlotte, N.C., provider of IT infrastructure services.

TALEN ENERGY CORP.: $250 million seven-year secured covenant-light term loan; Goldman Sachs, RBC, Barclays, Credit Suisse, Deutsche Bank, Morgan Stanley and MUFG; help fund buyout by Riverstone Holdings LLC; Allentown, Pa., competitive energy and power generation company.

VAIL RESORTS INC.: $360 million incremental term loan; U.S. Bank and Wells Fargo; help fund acquisition of Whistler Blackcomb Holdings Inc.; Broomfield, Colo., mountain resort operator.

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